Propel Holdings Inc. Reports Record Quarterly Results and Announces Dividend Increase

TORONTO, May 6, 2025 /CNW/ - Propel Holdings Inc. (“Propel” or the “Company”), a fintech company listed on the Toronto Stock Exchange (TSX: PRL), has announced record financial results for the first quarter of 2025 (Q1 2025). The company, known for providing fair, fast, and transparent access to credit through its online lending platform, has also declared an increase in its dividend.

Financial Highlights for Q1 2025

• Revenue: Propel reported a 44% increase in revenue, reaching $138.9 million, marking a record quarterly performance.
• Adjusted EBITDA: The company’s Adjusted EBITDA rose by 37% to $41.2 million, also a record for the quarter.
• Net Income: Net income surged by 79% to $23.5 million, setting a new quarterly high.
• Adjusted Net Income: Adjusted Net Income increased by 49% to $23.4 million, another record for the quarter.
• Earnings Per Share (EPS): Diluted EPS increased by 57% to $0.56 (C$0.80), while Adjusted Diluted EPS rose by 30% to $0.55 (C$0.80).

Dividend Increase

Propel’s Board of Directors has approved an increase in the dividend from C$0.66 to C$0.72 per share on an annualized basis, effective in Q2 2025. This 9% increase marks the eighth dividend hike since the beginning of 2023.

Company Overview

Propel Holdings Inc. operates from Toronto, Canada, and primarily serves clients in the United States. The company is listed on the Toronto Stock Exchange with a market capitalization of 787.57 million CAD. As of May 4, 2025, Propel’s close price was 30.2 CAD, with a 52-week high of 43.36 CAD and a low of 19.91 CAD. The price-to-earnings ratio stands at 16.3.

These results underscore Propel’s strong financial performance and commitment to delivering value to its shareholders.